Maybank Will Introduce 12-Hour Cooldown Period For Increased Money Transfer Limits



Maybank has now announced that they will introduce a 12-hour cooling-off period, for each increase in the limit of money transfers through the Maybank2U site, effective July 31, 2024. This step is done in an effort to curb online banking fraud, as well as prevent fraud that will try to increase the transaction transfer limit .


This money transfer limit transfer feature can be accessed on Maybank2U through Settings > Pay & Transfer > Transfer Limit.


The activated cooling off period will involve every transaction on the Maybank2U site and also the MAE application. During this quiet period, the transaction limit will follow the existing limit until the end of the 12 hours. Maybank will send an alert notification after the end of the cooling off period.

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